Trading Securities} Perry Corporation has the following information for its portfolio of trading securities at the end
Question:
Trading Securities}
Perry Corporation has the following information for its portfolio of trading securities at the end of the year.
\section*{Required:}
1. Prepare the journal entries, if necessary, to adjust the trading securities at fair market value.
2. CONCEPTUAL CONNECTION What is the statement of earnings effect of the 2018 entry?
\section*{OBJECTIVE 12 Exercise
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Related Book For 
Cornerstones Of Financial Accounting
ISBN: 9780176707125
2nd Canadian Edition
Authors: Jay Rich, Jefferson Jones, Maryanne Mowen, Don Hansen, Donald Jones, Ralph Tassone
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